AJ Bell Holdings Ltd.'s board declared an interim dividend for the six months ended March 31 of 14 pence per share, up 10% from 12.75 pence per share a year earlier.

The dividend, which was approved by the board April 25, reflects the British investment platform's progressive dividend policy, continued confidence in its outlook and healthy financial position.

The firm, which is reportedly planning a London IPO, reported profit attributable to owners of the company of £11.3 million for its 2018 fiscal first half, up from £9.1 million a year earlier.